The S&P ES fucutures are up 90 points. That may not mean what you think.
Lee's Free Thinking
Futures Say Crash is Finished, Now We Go Up
by Lee Adler • • 0 Comments
Lee’s Free Thinking
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Lee's Free Thinking
Getting Jobbed
by Lee Adler • • 0 Comments
The futures were bouncing around like a pogo stick 15 minutes before the jobs report was posted.
Lee's Free Thinking
Is This A Bottoming Process
by Lee Adler • • 0 Comments
Now is not the time to be nibbling.
Lee's Free Thinking
Fed’s Anti Aircraft Fire No Match for Treasury Bombing
by Lee Adler • • 0 Comments
The Fed is buying all the new Treasury supply with enough cash left over for the dealers to mount a defense. They aren’t.
Lee's Free Thinking
Fed Paid Primary Dealers $92 Billion Per Day Monday and Tuesday
by Lee Adler • • 0 Comments
The Fed has cut back its direct cash injections to Primary Dealers this week. So far it has bought approximately $92 billion per day in Treasuries and MBS from the dealers on both Monday and Tuesday. That’s down from more than $110 billion per day last week. Follow the money. Find the profits!Liquidity is money.…
Lee's Free Thinking
US Treasury Carpet Bombs Markets with $288 Billion This Week
by Lee Adler • • 0 Comments
The US Treasury will bomb the markets with $288 billion in new supply over the next 7 days.
This supply hits a market where structures are still collapsing and burning despite the Fed’s rescue programs. Those programs only exacerbate and prolong the causes of this disaster:
Lee's Free Thinking
Now That the US Treasury is Carpet Bombing The Market
by Lee Adler • • 0 Comments
The US Treasury has begun carpet bombing the markets with hundreds of billions per week in new supply. On the other side of the coin, the Fed is printing double or triple that. How’s that gonna work out for you?
Lee's Free Thinking
Let The Treasury Bombing Runs Begin
by Lee Adler • • 0 Comments
Between today and Thursday, the US Treasury will pound the market with $194 billion in net new supply. The total since March 24 will be $283 billion. And it’s only the first week of it. That will have consequences.
Lee's Free Thinking
Remembering The Charge of The Light Brigade
by Lee Adler • • 0 Comments
Last week’s Fed intervention reminded me of The Charge of the Light Brigade.
Lee's Free Thinking
Fed Paid Primary Dealers $113 Billion Today And Got Zilch For It
by Lee Adler • • 0 Comments
The Fed bought $72 billion in Treasuries and $41 billion in MBS from Primary Dealers today. That’s a month’s worth of old QE in a day. They’ve been doing it every day this week. Follow the money. Find the profits!Liquidity is money. Regardless of where in the world that money originates, eventually it flows to…
